Save Tax Under Section 80C

BEST IS NSC ITS 5 YEARS LOCKING PERIOD. YOU CAN INVEST IN LIC HAVE GOT NEW THINGS.YOU CAN CHECKOUT WITH LIC AGENT.....TIME BEING THIS 2 R GUD OPTIONS FOR U..PPF LOCKING PERIOD MORE...

hello varun

you want to save tax u/s 80C its also an investment for you

there are so many sources to invest like

1. invest in Life Insurance

2. House Loan Premium Amount

3.Children Education fee (full time education) & Max children two

4.NSC bonds  etccccc.....

in this lock in period is minimum five years

& we have to pay amount minimum for  three years like for insurance etc & amount payable minimum by after two years after three years means (after five years)   the refundable amount is totally exempt in Sec - 10

now you should see that in which you should invest the money

Thanks

What is the tax treatment on interest earned by investing in NSC/KVP ?

i think so they dont give intrest to you yearly  they increase you NSC with yearly int .

firstly we have to deemed it as our Income from Other Sources

then we deduct this u/s 80C 

thanks

Hi Varun

Interest accrued on NSC is taxable under income from Other sources,

and deduction for the same is available U/s 80C

Minimum Lock in period is in Tax saving Bonds ( Mutual funds) i.e. 3 years

But they are equity linked to market